LMRI, 2nd PR on more financing. They are doing it right today!
Friday March 30, 9:42 am Eastern Time
Press Release
Logistics Management Resources Receives Additional Financing Facility
LOUISVILLE, Ky.--(BUSINESS WIRE)--March 30, 2001--Logistics Management Resources, Inc. (OTC BB:LMRI - news), a holding company focused on acquiring and managing non-asset based transportation logistics and human resource companies, today announced that it has secured a working capital facility in the amount of $2 million.
Additionally, the company has also received a $1 million equity investment.
Commenting on the announcement, Logistics Management Resource's President and Chief Executive Officer Dan L. Pixler, said, ``The working capital facility allows us to finance current operations and execute our plans for growth. The equity investment will ensure the completion of anticipated acquisitions.''
This increase in working capital has been another event in a series since the recent reorganization of Logistics Management Resources, Inc. Other events include a name change, a symbol change, the engagement of a sound regional accounting firm, the retention of a robust financial consultant, and the completion of its first acquisition of the year.
Pixler concluded, ``We are on a solid course to profitability and returning value to our shareholders.''
Statements in this news release that relate to future plans, financial results or projections, events or performance are forward looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. While these statements are made to convey to the public the Company's progress, business opportunities and growth prospects, readers are cautioned that such forward-looking statements represent the management's opinion. Where management believes such representations to be true and accurate based on information available to the Company at this time, actual results may differ materially from those described.
In addition to the matters described in this news release, risk factors listed from time to time in the Company's SEC reports and filings, including, but not limited to, its report on Form 10-QSB for the quarter ended Sept. 30, 2000, and its report on Form 10-KSB for the year ended Dec. 31, 1999, may affect the results achieved by the Company.
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Contact:
Press:
Logistics Management Resources, Louisville
Daniel Pixler, 502/339-4000
